ROVIRA TERRASSEMENTS : revenue, balance sheet and financial ratios

In 2025, ROVIRA TERRASSEMENTS achieves revenue of 161 k€. Revenue is growing positively over 9 years (CAGR: +3.2%). Significant drop of -39% vs 2024. After deducting consumption (57 k€), gross margin stands at 104 k€, i.e. a rate of 65%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1 k€, representing 0.6% of revenue. Warning negative scissor effect: despite revenue change (-39%), EBITDA varies by -99%, reducing margin by 24.9 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -14 k€ (-8.7% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 96%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 20%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 72.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 40.93. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 20.8x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 21 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 15 days. The company must finance 6 days of gap between collections and payments. WCR is negative (-61 days): operations structurally generate cash. Notable WCR improvement over the period (-253%), freeing up cash.

Based on 120 transactions of similar company sales (all years), the value of ROVIRA TERRASSEMENTS is estimated at 14 387 € (range 7 479€ - 31 572€). With an EBITDA of 1 002€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.22x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.